Check Your Act 60 Gift Tax Compliance in Minutes

If you're an Act 60 decree holder, you need to know that Puerto Rico has its own gift tax. It's a flat 10% tax on gifts that exceed the annual exclusion. The good news? Puerto Rico offers a $10,000 annual exclusion per person you give a gift to. This means you can give up to $10,000 to any number of individuals each year without triggering the tax. Our tool quickly calculates if your gifts fall within this limit, giving you a rapid assessment of your P.R. gift tax exposure. It's a simple check that can save you from unexpected tax bills down the line.

Even as a bona fide resident of Puerto Rico, you're not entirely disconnected from the U.S. tax system. While you generally won't pay U.S. gift tax on gifts of intangible property (like stocks or cash), gifts of real estate or tangible property located in the U.S. can still be subject to U.S. gift tax. The U.S. has a much higher lifetime exemption, but the rules are complex. DecreeCheck helps you identify which of your assets might still be tied to the U.S. system, so you can avoid making a costly mistake. For a fraction of the cost of a CPA consultation, you get immediate peace of mind.

Thinking of sending a gift to family back in the States? This is where things get tricky. A gift from a P.R. resident to a U.S. resident can have tax implications for both parties. The key is understanding which jurisdiction's rules apply to which asset. For example, gifting shares of a U.S. company might be treated differently than gifting cash from a P.R. bank account. Our platform is designed to give you a quick read on these scenarios, flagging potential issues so you can seek further advice if needed. Don't get caught in a compliance trap—check your situation first.